Today's big news is that Maurizio Bevilacqua has dropped out of the Liberal leadership race and thrown his support behind Rae. While I am not surprised he dropped out, I am totally stunned that he endorsed Bob Rae. Considering he is a blue Liberal and generally considered on the right of the party, it seems odd he would endorse a former NDP premier whose policies are generally quite different than the kind he has advocated. My guess is Rae promised him something in return if he is elected.
This is certainly a definite plus for Bob Rae as he can use this to show he is not an NDPer masqueranding as a liberal and that he has support in Ontario and from both the left and right side of the Liberal Party. Still with Bob Rae's support mostly coming from the elites and less so from the grassroots, I would say he is the fourth most likely to win behind Ignatieff, Dion, and Kennedy.
At this point I would say Hedy Fry, Martha Hall Findlay, and Carolyn Bennett really have no chance at winning, however in the case of the latter two, I think they should wait until after the DSM meetings so they can get a stronger public profile and then thrown their support behind whichever candidate is most willing to adopt their ideas and policies. Ken Dryden and Scott Brison have virtually no chance at becoming Liberal leader however with Brison in the lead in Atlantic Canada and Dryden in Manitoba, they can probably secure enough delegates to be kingmaker so I would encourage those two to stay on. Joe Volpe also has enough support to be kingmaker, but since he is a liability to the Liberal Party, so he should drop out as anyways.
In terms of their chances: Bob Rae certainly has done surprisingly well, but I still think his chances at winning are not great, but at least it is a possibility. Just the thought of an election where the choice is between an NDPer and Reformer is not something I particularly look forward to. Gerard Kennedy won't finish first on the first ballot, but has plenty of room for growth. For Stephane Dion, as long as he finishes in the top five on the first ballot, he can win since he is many people's second choice. Michael Ignatieff on the other hand needs to get above 40% on the first ballot or else it will be very difficult to swing enough delegates his way to win since he has the most support, but not much room for growth.
In terms of Rae being Liberal leader, while I am glad he is able to attract Blue Liberals, his record as premier still leaves me with deep concerns both about his electability in Ontario and whether I could support him or not. I certainly won't vote for Harper next election, but I would have a tough time at the moment supporting Rae unless he can convince me otherwise. Having good ideas and being smart will only go so far. One's past government record does matter. It is much like having an outstanding job interview, being a top student, and very smart, but having a bad reference letter from your most recent employer. In that scenario, I don't think a company would be too keen on hiring such a person. And since Rae's actual record is not great, I am very reluctant to support him. While some of the problems were beyond his control, the reality is Ontario's situation was far worse than most other provinces, which suggests to me while the recession didn't help, his policies weren't helpful either. Now, if he has learned from his mistakes, I am willing to give him a second look, but the question is, is the average non-political swing Ontario voter willing to give him a second chance. Only time well tell, but I have my doubts.